3Com Sees its Shares Post Gains
As Analysts Back Firm's Claims

Dow Jones News Services

Updated May 27, 1997 6:47 p.m. ET

Stock of networking-equipment maker 3Com Corp. rose Tuesday after analysts agreed with the company's claim that it has been able to withstand the price-cutting pressure brought to bear by chip maker Intel Corp. in a key market segment.

Shares of 3Com rose $3.50 to $46.75 on the Nasdaq Stock Market Tuesday.

PaineWebber Inc. analyst Paul Weinstein and Smith Barney Inc.'s Therese Murphy said 3Com has been able to compete strongly...